$PORTO EARLY REVERSAL WATCH – BOUNCE BREWING ABOVE $0.942
$PORTO/USDT is trading at $0.946 after a sharp decline from the $1.034 high. Despite the -10% daily drop, bulls are starting to show signs of life with a small rebound from $0.942 support. Buy pressure is strong (73.13%), suggesting a potential short-term upside.
Current Price: $0.946
24H Change: -10.08%
Volume: 1.21M PORTO
Key Levels to Watch:
• Support Zone: $0.942 – $0.936
This range has acted as a bounce zone—crucial for trend shift.
• Resistance Zone:
• Immediate: $0.949
• Mid-Term: $0.956
• Major Resistance: $0.965
Trade Setup – Short-Term Bounce Play:
• Entry Zone: $0.944 – $0.946
• Target 1 (TP1): $0.956
• Target 2 (TP2): $0.965
• Target 3 (TP3): $0.978
• Stop-Loss: Below $0.936
For this move to sustain, $PORTO must hold above $0.942 and break above $0.949 with volume. Keep an eye on bullish candles for confirmation.